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Tamweel launches plans for new headquarters

United Arab Emirates: Saturday, November 27 - 2004 @ 14:29

Completion for the construction of the Tower is set for 24 months.

Adel Al Shirawi, CEO of Tamweel, said: “Our explosive growth has prompted us to make the decision to move our headquarters into a new office building to accommodate all operational, technical and back office needs. At the same time, we would like to offer our customers prominent residential space in the building.”

The Tamweel Tower at Jumeirah Lakes which has been master planned by Nakheel, will be sold by Tamweel and other approved real estate agents. The Tower will consist of 145 luxurious apartments (excluding penthouses) on 34 floors, with 419 parking spaces, along with retail shops on the ground floor. Residents will have separate elevators for access to the apartments. Panoramic views from the Tower will span the magnificent Jumeirah Lake, the Emirates Golf Club and The Palm Jumeirah.

Mr. Al Shirawi continued: “We are delighted to offer our customers residential space in this new Tower. In compliance with Sharia’a requirements, Tamweel will provide a value-added guaranteed financing package, through which our customers can avail themselves of a home, all in one stop through our company. This is a novel concept for Dubai, and we are pleased to be the first company to offer this superior service.”

“While Tamweel will remain focused on home financing, we will continue to bring innovative products to meet our customers’ needs. The Tamweel Tower is another example of how we are able to leverage our strong experience and excellent reputation in the market,” said Mr. Al Shirawi.

Properties will go on sale on Sunday, November 28th. Prices will start at AED 650 per square foot for 2 bedroom apartments. Also available are 3 bedroom apartments and 5 bedroom penthouses. Each apartment will be allotted a minimum of two parking spaces, a unique feature in Dubai.

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Saturday, November 27- 2004 @ 14:29 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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